OPaL Announces Upward Revision of Polypropylene and Polyethylene Prices in India

ONGC Petro additions Limited (OPaL) has announced an upward revision in the prices of Polypropylene (PP) and Polyethylene (PE) in the domestic markets of India. This change, effective from August 17, 2026, affects several polymer grades including PP, HDPE, and LLDPE.

The price adjustment comes amid a backdrop of easing prices and tight supply in India's polymer markets. Recent trends have shown a gradual decrease in prices after a period of steep increases, with PP and PE prices previously experiencing significant surges. However, the market remains constrained by tight supply conditions and logistical challenges.

Despite the recent easing of prices, the upward revision by OPaL indicates ongoing volatility in the market. The adjustments are likely a response to the complex dynamics of supply and demand, as well as the challenges faced by converters in passing on cost increases to end users.